Common use of Limitation of Rights Clause in Contracts

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 35 contracts

Samples: Stock Option Agreement (Ottawa Bancorp Inc), Stock Option Award Agreement (Ottawa Bancorp Inc), Stock Option Agreement (Clifton Bancorp Inc.)

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Limitation of Rights. This Option does The Options do not confer on you to the Participant or your the Participant's beneficiary designated pursuant to Paragraph 5 any rights as of a shareholder of the Company unless and until the Shares are in fact issued to such person in connection with the exercise of the OptionOptions. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your the Participant's employment at any time, nor confer upon you the Participant any right to continue in the service of the Company or any Affiliate.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (BV Financial, Inc.), Restricted Stock Award Agreement (FedFirst Financial CORP), Restricted Stock Award Agreement (Ocean Shore Holding Co)

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliateaffiliate.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Coastal Financial Corp), Stock Option Award Agreement (Beneficial Bancorp Inc.), Stock Option Agreement (Sandy Spring Bancorp Inc)

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as of a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment service at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Kentucky First Federal Bancorp)

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Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as of a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 1 contract

Samples: Non Statutory Stock Option Award Agreement (Kentucky First Federal Bancorp)

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as a shareholder of the Company unless and until the Shares shares of Stock are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 1 contract

Samples: Stock Option Award Agreement (MB Bancorp Inc)

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